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DeepSeek Unveils V4 AI Model, Rivals’ Shares Slide

4/24/2026

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Story summary
  • DeepSeek launched a preview of its V4 AI model on Friday, offering a V4-pro version with 1.6 trillion parameters and a V4-flash version with 284 billion parameters.
  • Huawei pledged full support for V4 on its Ascend chips and Supernode systems.
  • Zhipu AI and MiniMax shares fell 9 % and 7 % after the launch.
  • DeepSeek seeks a valuation above $20 billion, with Alibaba and Tencent in stake talks.